Samjo Management LLC Sells 359,525 Shares of Thryv Holdings, Inc. $THRY

Samjo Management LLC cut its holdings in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 16.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,840,025 shares of the company’s stock after selling 359,525 shares during the period. Thryv makes up approximately 9.4% of Samjo Management LLC’s investment portfolio, making the stock its largest holding. Samjo Management LLC owned 4.19% of Thryv worth $22,375,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC raised its position in shares of Thryv by 13.4% during the second quarter. Hsbc Holdings PLC now owns 52,828 shares of the company’s stock worth $625,000 after purchasing an additional 6,253 shares during the period. XTX Topco Ltd acquired a new position in shares of Thryv in the 2nd quarter valued at approximately $123,000. Bullseye Asset Management LLC increased its stake in Thryv by 0.9% during the 2nd quarter. Bullseye Asset Management LLC now owns 115,984 shares of the company’s stock worth $1,410,000 after purchasing an additional 1,000 shares in the last quarter. American Century Companies Inc. raised its holdings in Thryv by 1,010.8% during the 2nd quarter. American Century Companies Inc. now owns 864,246 shares of the company’s stock worth $10,509,000 after buying an additional 786,445 shares during the period. Finally, Rhumbline Advisers lifted its stake in Thryv by 6.6% in the second quarter. Rhumbline Advisers now owns 109,034 shares of the company’s stock valued at $1,326,000 after buying an additional 6,773 shares in the last quarter. 96.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. William Blair downgraded shares of Thryv from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. Royal Bank Of Canada lowered their target price on Thryv from $16.00 to $13.00 and set a “sector perform” rating for the company in a report on Friday, October 31st. Wall Street Zen raised Thryv from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Thryv in a research report on Tuesday, November 25th. Finally, Needham & Company LLC decreased their price objective on Thryv from $20.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $13.00.

Insider Activity

In related news, CEO Joe Walsh acquired 25,000 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were bought at an average price of $6.51 per share, for a total transaction of $162,750.00. Following the purchase, the chief executive officer directly owned 610,232 shares in the company, valued at approximately $3,972,610.32. This trade represents a 4.27% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.88% of the stock is currently owned by corporate insiders.

Thryv Trading Up 0.5%

Thryv stock opened at $5.65 on Monday. The company has a market cap of $246.21 million, a price-to-earnings ratio of 13.78 and a beta of 0.89. The firm has a 50-day moving average of $9.32 and a 200-day moving average of $11.62. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.15 and a quick ratio of 1.15. Thryv Holdings, Inc. has a one year low of $5.25 and a one year high of $20.92.

Thryv (NASDAQ:THRY) last released its earnings results on Thursday, October 30th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.30). Thryv had a return on equity of 8.64% and a net margin of 2.29%.The company had revenue of $201.56 million for the quarter, compared to the consensus estimate of $200.81 million. During the same quarter in the previous year, the company posted ($2.65) EPS. The business’s revenue was up 12.1% on a year-over-year basis. Thryv has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities analysts expect that Thryv Holdings, Inc. will post -2.24 earnings per share for the current fiscal year.

Thryv Profile

Thryv Holdings, Inc provides digital marketing solutions and cloud-based tools to the small-to-medium sized businesses in the United States. It operates through four segments: Thryv U.S. Marketing Services, Thryv U.S. SaaS, Thryv International Marketing Services, and Thryv International SaaS. The company provides print yellow pages, internet yellow pages, and search engine marketing; and other digital media solutions, such as online display and social advertising, online presence and video, and search engine optimization tools.